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January 17, 2020
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Reuters - Business

World shares gain as China data fuels bets on growth

Reuters
LONDON (Reuters) – World shares rose to record highs on Friday, buoyed by Chinese growth figures that suggested the world’s second-biggest economy was stabilizing. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Riskier assets were in demand......
Reuters - Business

Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere – sources

Reuters
SINGAPORE (Reuters) – China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices, industry officials said. FILE PHOTO: A man stands next......
Reuters - Business

Exclusive: China’s Ant aims for $200 billion price tag in private share sales – sources

Reuters
HONG KONG/BEIJING (Reuters) – Ant Financial [ANTFIN.UL] shares are being offered privately at levels which value the Chinese financial giant at $200 billion, two people with knowledge of the discussions said, lifting it up the ranks of the most valuable unlisted companies. FILE PHOTO: Employees are seen at the reception......
Reuters - Business

HSBC cutting around 100 staff in equities business: sources

Reuters
FILE PHOTO: People walk past a HSBC signage in Singapore October 8 2019. REUTERS/Feline Lim HONG KONG/LONDON (Reuters) – HSBC (HSBA.L) is cutting around 100 roles in its equities business with the bulk of the layoffs falling on its continental European trading floors, sources familiar with the matter told Reuters.......
Reuters - Business

Renault expects slight 2020 car market decline in Europe, Russia and China

Reuters
PARIS (Reuters) – Renault (RENA.PA) said on Friday it expected a slight decline in the car market in Europe, Russia and China this year after the French carmaker reported a 3.4% fall of worldwide sales in 2019 as China and Iran weighed. FILE PHOTO: A Renault Clio E-Tech Hybrid car......
Reuters - Business

World shares up as China data fuels bets on growth

Reuters
LONDON/SHANGHAI (Reuters) – World shares rose to record highs on Friday, buoyed by Chinese data that suggested the world’s second-biggest economy was stabilizing. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Riskier assets were in demand worldwide......
Reuters - Business

China posts weakest growth in 29 years as trade war bites, but ends 2019 on better note

Reuters
BEIJING (Reuters) – China’s economic growth cooled to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States, and more stimulus is expected this year as Beijing tries to boost sluggish investment and demand. A girl runs past a man as he smokes......
Reuters - Business

Exclusive: Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push – sources

Reuters
HONG KONG/BEIJING (Reuters) – Volkswagen AG (VOWG_p.DE) is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd (002074.SZ), two sources told Reuters, as the German firm accelerates its electric push into the world’s largest auto market. FILE PHOTO: A Volkswagen electric ID car......
Reuters - Business

China’s 2019 property investment solid, but first sales drop in 5 years dents outlook

Reuters
BEIJING (Reuters) – China’s property investment hit a two-year low in December even as it grew at a solid pace in 2019, adding to recent signs of a slackening in the sector and suggested Beijing might need to offer more stimulus to stabilize a cooling economy. FILE PHOTO: Lights are......
Reuters - Business

China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note

Reuters
BEIJING (Reuters) – China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown. FILE PHOTO: Containers are seen at Yantian port......
Reuters - Business

China fourth-quarter GDP grows 6%, in line with expectations and hovering near 30-year low

Reuters
FILE PHOTO: A cargo ship is seen next to containers at a river port during sunset in Huaian, Jiangsu province, China September 14, 2019. REUTERS/Stringer BEIJING (Reuters) – China’s economy grew 6.0% in the fourth quarter of 2019 from a year earlier, official data showed on Friday, in line with......
Reuters - Business

China’s annual aluminum output falls for first time in 10 years: statistics bureau

Reuters
BEIJING (Reuters) – China’s annual aluminum production fell for the first time in 10 years in 2019, official data showed on Friday, hit by softer demand amid the Sino-U.S. trade row and large-scale smelter outages. Aluminum output in the world’s largest producer of the metal dropped to 35.04 million tonnes......
Reuters - Business

Asian shares firm after Wall Street records; China GDP awaited

Reuters
SHANGHAI (Reuters) – Asian shares inched higher on Friday after global stock indexes and Wall Street posted more records, with strong corporate earnings and upbeat U.S. economic data adding to optimism after China and the U.S. signed a partial trade deal. FILE PHOTO: A man looks at a board showing......
Reuters - Business

China set to post weakest growth in 29 years as trade war bites, investment sputters

Reuters
BEIJING (Reuters) – China is expected to report on Friday that economic growth slowed to its weakest in nearly three decades in 2019 amid a bruising trade war with the United States, and more stimulus steps are expected this year to help avert sharper slowdown. FILE PHOTO: A teller counts......
Reuters - Business

Dollar gains, stocks scale fresh highs on data, trade deal

Reuters
NEW YORK (Reuters) – The dollar rose while key world and stock indexes on Wall Street scaled new records on Thursday as the U.S.-China trade deal, strong corporate earnings and encouraging U.S. economic data lifted equity markets. Oil rose as the long-awaited Phase 1 trade deal brought some relief to......
Reuters - Business

European firms call for tougher EU approach to China

Reuters
BRUSSELS (Reuters) – European companies called on European Union policy-makers on Thursday to toughen their approach to China to secure a level playing field for European businesses. BusinessEurope, an organisation grouping business federations from 35 countries, said China was the most restrictive of the EU’s major trading partners — with......
Reuters - Business

U.S. clean energy investment hits new record despite Trump administration views

Reuters
LONDON (Reuters) – Clean energy investment in the United States surged to a fresh record of $55.5 billion last year, despite the government’s attempts to roll back supportive policies, a report showed on Thursday. FILE PHOTO: File photo: A wind farm is shown in Mojave, California, U.S., Nov 8, 2019.......
Reuters - Business

European firms get ‘crumbs’ from China’s Belt and Road: business group

Reuters
BEIJING (Reuters) – China’s Belt and Road investment scheme, which aims to connect Europe with Asia, is sidelining European companies and Brussels should review its competition law to level the playing field, a business lobby group said on Thursday. FILE PHOTO: Container handlers transport containers at the railway port in......
Reuters - Business

China, U.S. sign initial trade pact but doubts and tariffs linger

Reuters
BEIJING/WASHINGTON (Reuters) – China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth. Key world......
Reuters - Business

Trade deal touts financial sector wins; China to scrap securities business cap faster

Reuters
WASHINGTON/HONG KONG (Reuters) – The long-awaited U.S.-China trade deal touted new wins for U.S. companies looking to access China’s $40 trillion financial sector, but many of the changes were already in the works with Beijing stepping up the pace of opening up in the past year. Under the deal, China......

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